Common use of Prohibition on Assignments Clause in Contracts

Prohibition on Assignments. Except as permitted under this Section, the Shared Clean Energy Facility may be assigned by the Subscriber Organization, unless the EDC notifies the Subscriber Organization in writing, within thirty (30) days of receipt of written notice of Subscriber Organization’s intent to make an assignment, that the EDC has reasonably determined that such assignment will have a material adverse effect on the Subscriber Organization’s creditworthiness or ability to perform its obligations under this Tariff and notifies the Subscriber Organization in writing that the EDC does not consent to the assignment. When assignable, this Tariff shall be binding upon, shall inure to the benefit of, and may be performed by, the successors and assignees of the parties, except that no assignment, pledge or other transfer of this by either Party shall operate to release the assignor, xxxxxxx, or transferor from any of its obligations under this Tariff unless the other Party (or its successors or assigns) consents in writing to the assignment, pledge or other transfer and expressly releases the assignor, xxxxxxx, or transferor from its obligations thereunder.

Appears in 3 contracts

Samples: Light and Power, www.eversource.com, United Illuminating

AutoNDA by SimpleDocs

Prohibition on Assignments. Except as permitted under this SectionArticle 11, the Shared Clean Energy Facility this Agreement may be assigned by the Subscriber OrganizationSeller, unless the EDC Buyer notifies the Subscriber Organization Seller in writing, within thirty (30) days of receipt of written notice of Subscriber OrganizationSeller’s intent to make an assignment, that the EDC Buyer has reasonably determined that such assignment will have a material adverse effect on the Subscriber OrganizationSeller’s creditworthiness or Seller’s ability to perform its obligations under this Tariff Agreement and notifies the Subscriber Organization Seller in writing that the EDC Buyer does not consent to the assignment. When assignable, this Tariff Agreement shall be binding upon, shall inure to the benefit of, and may be performed by, the successors and assignees of the partiesParties, except that no assignment, pledge or other transfer of this Agreement by either Party shall operate to release the assignor, xxxxxxx, or transferor from any of its obligations under this Tariff Agreement unless the other Party (or its successors or assigns) consents in writing to the assignment, pledge or other transfer and expressly releases the assignor, xxxxxxx, or transferor from its obligations thereunder.

Appears in 3 contracts

Samples: Energea Portfolio 4 USA LLC, financere.nrel.gov, www.uinet.com

Prohibition on Assignments. Except as permitted under this SectionArticle 11, the Shared Clean Energy Facility this Agreement may be assigned by the Subscriber OrganizationXxxxxx, unless the EDC Buyer notifies the Subscriber Organization Seller in writing, within thirty (30) days of receipt of written notice of Subscriber OrganizationXxxxxx’s intent to make an assignment, that the EDC Xxxxx has reasonably determined that such assignment will have a material adverse effect on the Subscriber OrganizationSeller’s creditworthiness or Seller’s ability to perform its obligations under this Tariff Agreement and notifies the Subscriber Organization Seller in writing that the EDC Xxxxx does not consent to the assignment. When assignable, this Tariff Agreement shall be binding upon, shall inure to the benefit of, and may be performed by, the successors and assignees of the partiesParties, except that no assignment, pledge or other transfer of this Agreement by either Party shall operate to release the assignor, xxxxxxx, or transferor from any of its obligations under this Tariff Agreement unless the other Party (or its successors or assigns) consents in writing to the assignment, pledge or other transfer and expressly releases the assignor, xxxxxxx, or transferor from its obligations thereunder.

Appears in 2 contracts

Samples: www.eversource.com, www.eversource.com

Prohibition on Assignments. Except as permitted under this SectionArticle 11, the Shared Clean Energy Facility Agreement may be assigned by the Subscriber OrganizationXxxxxx, unless the EDC Xxxxx notifies the Subscriber Organization Seller in writing, within thirty (30) days of receipt of written notice of Subscriber OrganizationSeller’s intent to make an assignment, that the EDC Xxxxx has reasonably determined that such assignment will have a material adverse effect on the Subscriber OrganizationSeller’s creditworthiness or Seller’s ability to perform its obligations under this Tariff the Agreement and notifies the Subscriber Organization Seller in writing that the EDC Buyer does not consent to the assignment. When assignable, this Tariff the Agreement shall be binding upon, shall inure to the benefit of, and may be performed by, the successors and assignees of the partiesParties, except that no assignment, pledge or other transfer of this the Agreement by either Party shall operate to release the assignor, xxxxxxx, or transferor from any of its obligations under this Tariff the Agreement unless the other Party (or its successors or assigns) consents in writing to the assignment, pledge or other transfer and expressly releases the assignor, xxxxxxx, or transferor from its obligations thereunder.

Appears in 1 contract

Samples: Terms and Conditions

Prohibition on Assignments. Except as permitted under this SectionArticle 11, the Shared Clean Energy Facility this Agreement may be assigned by the Subscriber OrganizationXxxxxx, unless the EDC Buyer notifies the Subscriber Organization Seller in writing, within thirty (30) days of receipt of written notice of Subscriber OrganizationSeller’s intent to make an assignment, that the EDC Xxxxx has reasonably determined that such assignment will have a material adverse effect on the Subscriber OrganizationSeller’s creditworthiness or Seller’s ability to perform its obligations under this Tariff Agreement and notifies the Subscriber Organization Seller in writing that the EDC Buyer does not consent to the assignment. When assignable, this Tariff Agreement shall be binding upon, shall inure to the benefit of, and may be performed by, the successors and assignees of the partiesParties, except that no assignment, pledge or other transfer of this Agreement by either Party shall operate to release the assignor, xxxxxxx, or transferor from any of its obligations under this Tariff Agreement unless the other Party (or its successors or assigns) consents in writing to the assignment, pledge or other transfer and expressly releases the assignor, xxxxxxx, or transferor from its obligations thereunder.

Appears in 1 contract

Samples: www.eversource.com

AutoNDA by SimpleDocs

Prohibition on Assignments. Except as permitted under this SectionArticle 11, the Shared Clean Energy Facility this Agreement may be assigned by the Subscriber OrganizationSeller, unless the EDC Buyer notifies the Subscriber Organization Seller in FOR writing, within thirty (30) days of receipt of written notice of Subscriber OrganizationSeller’s intent to make an assignment, that the EDC Buyer has reasonably determined that such assignment will have a material adverse effect on the Subscriber OrganizationSeller’s creditworthiness or Seller’s ability to perform its obligations under this Tariff Agreement and notifies the Subscriber Organization Seller in writing that the EDC Buyer does not consent to the assignment. When assignable, this Tariff Agreement shall be binding upon, shall inure to the benefit of, and may be performed by, the successors and assignees of the partiesParties, except that no assignment, pledge or other transfer of this Agreement by either Party shall operate to release the assignor, xxxxxxx, or transferor from any of its obligations under this Tariff Agreement unless the other Party (or its successors or assigns) consents in writing to the assignment, pledge or other transfer and expressly releases the assignor, xxxxxxx, or transferor from its obligations thereunder.

Appears in 1 contract

Samples: Service Agreement

Prohibition on Assignments. Except as permitted under this SectionArticle 11, the Shared Clean Energy Facility this Agreement may be assigned by the Subscriber OrganizationXxxxxx, unless the EDC Buyer notifies the Subscriber Organization Seller in writing, within thirty (30) days of receipt of written notice of Subscriber OrganizationXxxxxx’s intent to make an assignment, that the EDC Xxxxx has reasonably determined that such FOR ONLY assignment will have a material adverse effect on the Subscriber OrganizationSeller’s creditworthiness or Seller’s ability to perform its obligations under this Tariff Agreement and notifies the Subscriber Organization Seller in writing that the EDC Xxxxx does not consent to the assignment. When assignable, this Tariff Agreement shall be binding upon, shall inure to the benefit of, and may be performed by, the successors and assignees of the partiesParties, except that no assignment, pledge or other transfer of this Agreement by either Party shall operate to release the assignor, xxxxxxx, or transferor from any of its obligations under this Tariff Agreement unless the other Party (or its successors or assigns) consents in writing to the assignment, pledge or other transfer and expressly releases the assignor, xxxxxxx, or transferor from its obligations thereunder.

Appears in 1 contract

Samples: www.eversource.com

Prohibition on Assignments. Except as permitted under this SectionArticle 11, the Shared Clean Energy Facility this Agreement may be assigned by the Subscriber OrganizationXxxxxx, unless the EDC Buyer notifies the Subscriber Organization Seller in ONLY writing, within thirty (30) days of receipt of written notice of Subscriber OrganizationXxxxxx’s intent to make an assignment, that the EDC Xxxxx has reasonably determined that such assignment will have a material adverse effect on the Subscriber OrganizationSeller’s creditworthiness or Seller’s ability to perform its obligations under this Tariff Agreement and notifies the Subscriber Organization Seller in writing that the EDC Xxxxx does not consent to the assignment. When assignable, this Tariff Agreement shall be binding upon, shall inure to the benefit of, and may be performed by, the successors and assignees of the partiesParties, except that no assignment, pledge or other transfer of this Agreement by either Party shall operate to release the assignor, xxxxxxx, or transferor from any of its obligations under this Tariff Agreement unless the other Party (or its successors or assigns) consents in writing to the assignment, pledge or other transfer and expressly releases the assignor, xxxxxxx, or transferor from its obligations thereunder.

Appears in 1 contract

Samples: www.eversource.com

Time is Money Join Law Insider Premium to draft better contracts faster.